You and Yours : BBC Radio 4 FM : August 11, 2016 12:15PM-12:57PM BST
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Consumer affairs programme.
🔗 That especially not to maybe not in a minute but he will in time he's still young.
🔗 He can start again just as I have to live.
🔗 I don't think you thought about this problem I have I found nothing else
🔗 but think about it.
🔗 The whole thing's going round and round over and over
🔗 and I feel quite good deal with it all.
🔗 To you listening to me how I just let me just go on after you.
🔗 I'm not saying I don't love hear you.
🔗 I do that you and I are meant to be together and none of this is anyone's fault.
🔗 Cos it's no one's will come round in time. Hugh will come around.
🔗 He's your rightful husband and the father of your children. Well he stinks.
🔗 You are made him even remember him not me.
🔗 Canid Yes but he didn't spend nearly as much time with them as he did.
🔗 If she had to choose. She'd say she miss you the next.
🔗 Juliet darling I think you've grasped the situation I'm not saying it'll be easy
🔗 We could move back to home
🔗 and didn't get out of everyone's hair out of sight out of mind you know you have to
🔗 go back to him. No it's me that has to go away. It's me.
🔗 You have to forget the Deep down I think you know that too deep down I know
🔗 that it's you.
🔗 I want to share my life with you need to give your marriage a chance.
🔗 She's my marriage you and me you. Yes I am French.
🔗 It's what I want.
🔗 It's what I want.
🔗 That's on B.B.C. Radio four it's time for you and yours with Peter White.
🔗 Hello welcome to radio full as can see my program.
🔗 Today the television pirates and the giving away the programs and films
🔗 that you pay good money for. We'll hear what the police are doing about it.
🔗 The airports charging you the most for dropping off and picking up friends
🔗 and family
🔗 and the shop cashing in on people's failure to win at the amusement arcades it was
🔗 got the emerged in the merger question they've got they got like a pair by God we
🔗 still got nine years we've got everything like that in the shop.
🔗 You know it was a little it was a sign of people trying
🔗 when those things out the grabbers that we have to sell them in the shop.
🔗 So it's not just that it's about it's a lot of work
🔗 and the seagulls as well we had to Scarborough for our latest report on the
🔗 fortunes of the U.K.'s seaside towns
🔗 and we want to hear from people still trying to save despite record low interest
🔗 rates. Tell us your secrets e-mail you and yours at B.B.C. Tacos dot U.K.
🔗 On social media use the hash tag you and yours
🔗 or you can text that's eight four eight four four.
🔗 But first police have arrested three people as part of an investigation into a
🔗 global T.V.
🔗 Piracy operation officers from the city of London Police intellectual property
🔗 crime unit
🔗 or Pipkin that's what they call it a short raided for properties in Chile in
🔗 Lancashire yesterday recovering thirty servers
🔗 and set top boxes of the boxes are believed to have been modified with illegal
🔗 software to our access to hundreds of subscription only T.V.
🔗 Channels including pay per view sports and the latest movies.
🔗 Well the police have been involved in this as I say
🔗 and we're going to be talking to Detective Chief Inspector Peter Ratcliffe who's
🔗 from Pictou
🔗 but also Nick Matthew who's the investigation manager for fact that's the
🔗 Federation Against Copyright theft by can go to you first of all what what actually
🔗 is the the. Crime involved here.
🔗 Well this is allowing facilitating people to
🔗 access content
🔗 that you would have to pay for there by stopping the rights
🔗 holders and all of the people involved in creating
🔗 that content from making the money that they should get from
🔗 that in order to develop their businesses
🔗 and also to protect their reputation because some of
🔗 the places
🔗 that this content is ending up is not quite where they would want it to say Who are
🔗 the victims of this crime effectively.
🔗 Well the victims range obviously the rights holders them selves so the people
🔗 that you would expect to be making the films the T.V. The T.V. Programs.
🔗 Whoever that is then it goes on to the economy.
🔗 It's affected substantially by that because the incomes are reduced
🔗 and also to the people who pay to legitimately to access that content.
🔗 They're being shortchanged if you like by people who are illegally accessing the
🔗 Let me marine Detective Chief Inspector Peter Rackley who is as I say from the pit
🔗 Q Can you just explain about this raid and what you found.
🔗 Well you know in the north of England
🔗 and yesterday we carried out a number of search warrants made of three arrests in
🔗 That's a longer term strategy to deal with the illegal stream of the contents
🔗 and as part of the right.
🔗 We seized many hundreds of thousands of pounds of equipment servers
🔗 and satellite dishes as well. These boxes aren't cheap.
🔗 I mean they cost around four hundred pounds a year.
🔗 So how are they sold and who's buying them.
🔗 That's all a lot of the over the Internet and they're being disseminate.
🔗 In the streets and that.
🔗 And it's every person in the street or in a bind of businesses
🔗 and dude's do people who buy these boxes think they're buying something legitimate
🔗 are some people deliberately do they know what they're buying
🔗 and they're trying to watch things that they're not paying for.
🔗 I think it's fair to say that we believe
🔗 that some people are actually buying what they believe in that it's not so.
🔗 So have you pulled the plug on the sets for those who are watching them.
🔗 Yes absolutely.
🔗 When we see the service
🔗 and satellite dishes yesterday in effect brought down all the signals.
🔗 I mean there may be people
🔗 that there probably are people who've bought one of these boxes
🔗 and didn't know what they had was illegal and are they. Liable.
🔗 Now as far as PIC is concerned we are looking at people who are distributing these
🔗 boxes as opposed to people buying them.
🔗 Can you do you have an idea of how widespread this activity actually is.
🔗 Yes I think it's fair to say it's fast.
🔗 There's many thousands of people all these boxes and this isn't just a U.K.
🔗 Issue this is across the world. And just finally what's what.
🔗 What happens next in this investigation.
🔗 Well it can't be too specific obviously is an ongoing inquiry for what I can say is
🔗 that the people responsible were arrested yesterday have been filed
🔗 and inquiries gotten off the next few months. D.C.I.
🔗 Peter Ratcliffe and Nick Mackey thank you both very much indeed.
🔗 Now for some people the words artificial intelligence evoke images from PSI fine
🔗 movies and the vague fear
🔗 that one day intelligent robots will be doing our jobs maybe even this one
🔗 but as we heard on yesterday's program.
🔗 What we might not realize is
🔗 that all of us are helping to develop AI whether we like it
🔗 or not we provide constant streams of data.
🔗 And information through our smart devices
🔗 and this is helping to change how we shop live and work.
🔗 Well one place where AI is being used for example is at a specialist brewery in
🔗 London. Our reporter Bob Walker has been for a pint there.
🔗 So our beers the water spirits been brewed using artificial intelligence we want to
🔗 get all of our customers in the same room as a master brewer.
🔗 So it's not about using artificial intelligence to replace humans.
🔗 It's actually about using artificial intelligence to get customer feedback
🔗 and so the beer learns over time based on
🔗 that customer feedback how it works is you go to a bar that stocks are beer.
🔗 You'll buy a bottle of our beer. And then there's a code on the back.
🔗 You type that code into your web browser. It opens up Facebook messenger.
🔗 And this is the way for you then to feed back so algorithms you talk to are over
🔗 them through the Facebook Messenger box now them are two questions on a scale of
🔗 one to ten would you like the bit to be more or less happy. Next time.
🔗 So essentially we're having a conversation with the algorithm.
🔗 We then take all those scores and it goes into our artificial intelligence.
🔗 So it uses machine learning the talking machine and call reinforcement learning
🔗 and Basie and optimization.
🔗 that does is it tells the borough what's very next century is coming up with a recipe
🔗 based on all of the customer feedback.
🔗 So this is a I was a beer
🔗 that was originally based on American.
🔗 PELAYO but over time the algorithm has evolved into more of an English pale.
🔗 Actually this is of all ten times.
🔗 I do like this with me is that it's a little fizzy it's not fair
🔗 and also it's a little fizzy for me
🔗 and that's really because the our rhythm has had to be back from our customers say
🔗 that's what they wanted out of a beer.
🔗 We think this has potential for lots of different product categories.
🔗 So if you think about other emotive products like coffee chocolate Perth you.
🔗 All of these things people have strong opinions about the way something tastes
🔗 about the way. Something smells
🔗 and they're in a mode where they're happy to kind of.
🔗 Sit down and think about it and gave their feedback
🔗 and the kind of really highly engaged audience that we're targeting want
🔗 that kind of engagement with the brand. They want to feel involved in it.
🔗 We see a OUR I as a way to augment human skills.
🔗 We are so far away from a i being able to replace a human Brewer
🔗 or being able to replace anyone scales when it comes to creativity
🔗 that we certainly believe you know the future is a I for good and a I
🔗 that will improve human skills augment our skills
🔗 and make us better make a superhuman.
🔗 But some people are rather apprehensive about this whole thing
🔗 and some people who actually know quite a lot about it.
🔗 Stephen Hawking has called this either the best although worse thing to happen to
🔗 humanity will leak a little doorbell is a technology journalist the just written a
🔗 book published today called Thinking Machines.
🔗 It's about the development of artificial intelligence
🔗 and how it's now being used to sell us things today one of the largest companies
🔗 which is pouring money into artificial intelligence is Google
🔗 and the majority of Google's money comes from advertising.
🔗 So what you have now is the sort of the world's smartest AI scientists who are
🔗 essentially coming up with smart ways to sell a sling
🔗 but of course the slightly ironic thing about this is
🔗 that we are the ones who are feeding the machines and
🔗 but the people who run them were the ones who were feeding them the information
🔗 that we absolutely I do think
🔗 that this is something again slightly ironic about artificial intelligence that we.
🔗 Focus on the fact
🔗 that this is somehow acting as a substitute for our own intelligence
🔗 but as you say the way that we're making Google's systems smarter the way
🔗 that we're making Facebook last year for example announced it had just come up with
🔗 a new facial recognition too
🔗 that could recognize humans with ninety seven point five percent accuracy by
🔗 looking at a picture and telling whether two photos show the same person.
🔗 And of course this is advertised as this amazing breakthrough in artificial
🔗 intelligence that the way
🔗 that this has been achieved is by all of us uploading constant pictures to Facebook
🔗 which can then be analyzed and used to train these systems.
🔗 So with a lot of these systems you know Google use a stent sibly for free
🔗 but what we're essentially doing is providing this data which is immensely valuable
🔗 to a company like Google is sort of a cognitive capitalism in a sense
🔗 that we're sort of feeding it the intelligence
🔗 that is then making the system smart.
🔗 I suppose to set against
🔗 that there are certain what you might call much more socially beneficial things it
🔗 could do like for example helping you monitor health.
🔗 I think
🔗 that this idea of health tracking is something that's very very big at the moment
🔗 we're seeing a number of smart devices I was writing an article recently about a
🔗 company that's come up with a concept for a smarts toilet.
🔗 That would be able to sort of analyze the various contents
🔗 that were to go into this toilet
🔗 and perhaps offer you health related insights Google has been working on contact
🔗 lenses that would be able to analyze glucose
🔗 and perhaps sort of help people with diabetes.
🔗 Nonetheless it's not just sort of doom sayers you're worried about is it is it I
🔗 mean even those involved in its development are concerned about its implication
🔗 and who's actually keeping track of all these developments
🔗 that have been a number of quite high profile people who have spoken out about
🔗 artificial intelligence.
🔗 For example Stephen Hawking has talked about how this is going to be either the
🔗 best thing or the worst thing that's ever happened to humanity.
🔗 Ilan Musk people might know as the inventor of Tesler and the. Behind Space X.
🔗 Who has invested a lot of money in artificial intelligence has talked about his
🔗 concerns in this area so I do think
🔗 that people are starting to voice concerns I think sometimes are the wrong concerns
🔗 that are being raised.
🔗 I think because a lot of us associate the threat of artificial intelligence with
🔗 the Terminator scenario we sort of fear
🔗 that the negative sides of artificial intelligence are going to mean.
🔗 Sort of robots with Austrian accent marching down the street in leather jackets I
🔗 think they're actually concerns that are a bit more pressing than that.
🔗 Mainly related to fields like employment.
🔗 Isn't that a perfectly legitimate worry though
🔗 that actually these machines will do jobs
🔗 that people actually need at the moment in order to live.
🔗 That's quite correct I think that the concern that a lot of people have is that.
🔗 You'll have the people who are running the system so for example you know Facebook
🔗 C.E.O. Mark Zuckerberg
🔗 and these kind of Silicon Valley tech billionaires benefiting hugely from them.
🔗 But then the rest of us perhaps being sort of done out of a job as more
🔗 and more of the work that we do can be replaced by machines.
🔗 I think that what we need to be aware of is the fact
🔗 that technology has always resulted in a shift in employment patterns if you went
🔗 back a couple of hundred years you'd have a large number of people working on farms.
🔗 Then you had the advent of factories so a lot of the people who were done who sort
🔗 of lost that employment in farms as more
🔗 and more machinery was used were able to go and work in factories.
🔗 So I think that what we need to see is
🔗 that yes artificial intelligence is going to replace a large number of jobs
🔗 but what we need to be sure of is the artificial intelligence is going to create an
🔗 equal number of preferably better jobs and I do think
🔗 that there are some proposals mainly about taking back control of data
🔗 and perhaps putting more of a value on people's data that could in fact wind up.
🔗 Sort of benefiting people so dormant.
🔗 You can't put it back into the box or the bottle good
🔗 or bad artificial intelligence.
🔗 I think that artificial intelligence is something that's not going to go away.
🔗 I think it's something we've always tried to do I think it's exciting challenges
🔗 but these are questions we need to ask this isn't something
🔗 that we need to stop trying to achieve.
🔗 Journalist Luke doorbell and we also heard in that report.
🔗 Hugh leaf of intelligence X. Brewery.
🔗 Now it's something many of us do to help out a friend
🔗 or relative the airport drop off
🔗 and pickups mean we're being hit with hefty charges as according to figures from
🔗 the R A C London Luton tops the list charging seven pounds for up to forty minutes
🔗 to pick up a traveller with burning and then London Stansted following behind.
🔗 They're not all bad though.
🔗 Six of the U.K.'s twenty busiest airports including London Gatwick Heathrow
🔗 and Manchester still offer some free parking provision
🔗 or Pete Williams is from the R.A.C. and They've been looking at this P.
🔗 London Luton is the worst according to your study while other airports are charging
🔗 big bucks just to go part off or pick up.
🔗 Well we're looking at Birmingham at four pounds seventy for sixty minutes that's
🔗 the cheapest you can do their lunch London Stansted is four pounds fifty for half
🔗 an hour and having brought three pounds ninety for just fifteen minutes.
🔗 Is there any way to avoid these charges.
🔗 Not if you actually want to park conveniently for the airport terminal
🔗 and actually leave your car. Now many of them.
🔗 You can actually drop off or pick up. If you're sort of touching by going.
🔗 This is really get a impact those who are trying to say goodbye to their loved ones
🔗 or greet them at the terminal because London Luton they say for example free
🔗 parking is available for two hours at their long stay carpark
🔗 and a free shuttle bus operates to.
🔗 From the terminal building and drop off
🔗 and pick up charges help to keep traffic flowing. Fair enough.
🔗 Mind you clearly recognize
🔗 that the airports are running incredibly busy airports with plenty of congestion
🔗 loads of passengers passing through but it's really about just warning motorists
🔗 and travelers
🔗 that they may well be stung by the convenient close by short stay parking
🔗 and certainly when you think about elderly and disabled people.
🔗 You can't just simply push somebody out of a car in five minutes so I really look
🔗 our and do your research in advance and there are heavy fines as well. Absolutely.
🔗 Some of the fines you could actually pay for a cheap flight to the Algarve.
🔗 There are also big airports
🔗 that still offer some free parking provision do you think that will stay
🔗 or will they challenge eventually I hope so.
🔗 I think sort of it's really about serving the customer as best as possible
🔗 when you know clearly they want to keep the cost of the airline operators down as
🔗 much as possible so they can offer cheaper tickets to passengers.
🔗 We're just we just want consumers to be wary that there are costs at every stage
🔗 and certainly it seems to be the short stay parking where people are getting really
🔗 strong Pete Williams from our A.C. Thanks very much indeed.
🔗 You're listening to you and yours on B.B.C.
🔗 Radio four and Peter White coming up later. How to make your money grow.
🔗 Despite record low interest rates. So as they.
🔗 Here's Martha with what's coming up in the world at one. Thanks Peter.
🔗 Doctors in Aleppo plea for President Obama's help.
🔗 We hear from an obstetrician in the Syrian city
🔗 and ask what is the prospect for a lasting cease fire.
🔗 Labors in court again I'll be talking to a call been supporting his wife she lose
🔗 her vote in the leadership contest
🔗 and to someone who's changed his mind about Jamie Corbin Plas the app
🔗 that monitors periods
🔗 and why Michael Phelps is being compared to Leona Das of Rhodes that's only half an
🔗 hour. I can't wait. Thank you very much. MARTHA. Now in a challenging time for U.K.
🔗 High street fashion one British clothing brand has been quietly struggling more
🔗 than most French Connection set up by Steve marks in one thousand nine hundred
🔗 ninety two has traditionally been a premium brand on the high street making its
🔗 fine to one of the U.K.'s richest people.
🔗 However earlier this year the company reported its fourth straight year of losses
🔗 and is in closing some of its stores French connections perhaps infamous for its
🔗 cheeky F.C. U.K. Branding.
🔗 However an investor unhappy with the drop in share prices has written a public
🔗 activist letter that's what and I was suggesting
🔗 that might be part of the problem where our reporter Simon Hoban has been out in
🔗 Manchester city center asking shoppers what they think I'm not saying Times Square
🔗 in the heart of the city's retail strip on the one corner.
🔗 It's where the flagship for Manchester French Connection store used to be since
🔗 been replaced by the H.M.O.
🔗 and Under the stories and directly opposite
🔗 that store is perhaps part of the reason why French Connection didn't survive here.
🔗 It's a busy bustling Zora I've been asking shoppers whether they miss the French
🔗 connection in the city just doesn't like my thoughts about them did for me so
🔗 that would be the styles always a price
🔗 or a style in cuts so now you shoppers are a yeah look at cutting
🔗 that coat that's on the jacket with price I'm sorry the windows are fantastic
🔗 breaking people what they make a French connection today
🔗 that used to be a store opposite but it closed down
🔗 and you've just come out of Zara. So why do you shop at Zara.
🔗 It's like clothes that are showing off the runways are of all any trends.
🔗 Yeah you can't get them straight to the store.
🔗 Why did you have a shop a French connection.
🔗 Yes yes I did a close down obviously you know you said about the yeah I am toxics
🔗 like you still love the clothes.
🔗 Because I do pieces were always very similar soccer I just get the same a different
🔗 color. So after a slew of recent closures including Austin Reid and B.H.F.
🔗 How does a high street fashion brand turn around its fortune. Tara.
🔗 Hines Li is a senior reporter for Draper's magazine.
🔗 Kate Hardcastle is from retail consultancy insights with passion Tara.
🔗 First of all Strong views from people there in the Manchester City Center.
🔗 What is the situation at French Connection
🔗 and I worried should we be for the brand.
🔗 Well we should be quite worried because shares have been you know shares have been
🔗 a much lower now than they were say into two thousand and seven
🔗 when they were two hundred forty eight. P.S. Share and now they're about forty P.
🔗 Today. So you know that kind of shows the movement of the brand
🔗 and the last three point five million in the last results which as you said earlier
🔗 was the fourth straight year of losses.
🔗 So you know this really is sort of an investor raising a flag
🔗 and they've been to a turnaround plan before.
🔗 And obviously they're in the state
🔗 and well what did the investor get more capital What did they actually suggest they
🔗 Well they had a number of points one one was basically improving the design
🔗 and another was sort of around managing the stock levels prop late because one
🔗 thing is that you did awfully well you do often find that is heavily discounted
🔗 and they also pointed to problems with the size of the range
🔗 that it's got compared to rivals like Ted Baker for example
🔗 or Reese Hardcastle we had what the people of Man Just a thought.
🔗 I'm near the Bucknell there where do you think they've gone wrong.
🔗 I think the consumer is in Manchester one particular system
🔗 and the only favorable comment was they had very small pieces they share
🔗 and it isn't a very sad thing to a brilliant job of explaining what's happened to
🔗 French Connection French national not alone in this situation it's the palm open
🔗 middle market that are really struggling
🔗 and I think if you look at what they did well in the past they thought of as the
🔗 cheapest Closs you know success story in the seventy's you can imagine people going
🔗 to get Let's have a catapult from Habitat is also dissipate off the high street
🔗 and get that he's culture.
🔗 To have this kind of cheeky campaign the two thousands with the you know takeoff of
🔗 the almost wouldn't a bra campaign success something that got consumers back.
🔗 But today they stand in a retail place where twenty percent of people are buying
🔗 online and there has been an outpouring of online brands like a soft
🔗 and brilliantly
🔗 and those on the high street were trying to survive like Zara are bringing great
🔗 products at great price in a very quick turnaround period.
🔗 I mention Steve Martin's the man who started the whole thing you know
🔗 and he's a very strong presence. Maybe a well man but in combat.
🔗 One might be part of the problem. I think certainly the suggestion.
🔗 I don't think age is a number
🔗 that we can push against is because we can say well this person's far too old to
🔗 understand online trading.
🔗 But the pay the retail of now is certainly not one where we might have the
🔗 experiences of twenty years ago to bring relevance to that
🔗 and if you look what he's doing is trying to surround himself with new people with
🔗 people from the successful brands but very much.
🔗 You can't do what you've always done in the retail brand that's trying to supply
🔗 fashion. You've got to respond to the consumer
🔗 and I think almost have taken a bit of a Marks and Spencers auric
🔗 and stand in the you know this is who we are this is what we do
🔗 and it's very much about incorporating the customer going forward
🔗 and to what you need to look like for fashion. Tara.
🔗 How is the French correction say they've got a strategic plan to improve
🔗 performance do we know that he's.
🔗 Well they have their clothes in another
🔗 and fluid stores which I think is probably a good thing you know retailers all over
🔗 the country are so tightening up stuff oh to stop a fairly I was realizing with
🔗 multichannel that you don't need to that you know
🔗 that level of stores anymore it's a business
🔗 and thirteen closed in the last Yeah there's another three
🔗 or four planned for this year they've also brought in an A for my next director
🔗 Christopher Angele days.
🔗 So he is really well
🔗 and respected in the trade he he was at KNX for twenty eight years he's just been
🔗 over to have a calming effect in the US and so he's joined as an ad director so
🔗 That kind of is a mark in the sand because everyone wanted to know where he would
🔗 be going next. But we get to see probably some of his and.
🔗 Some of his subjects the chief writer I do yeah yeah.
🔗 Kate just just finally your you're asked by retailers to tell them what consumers
🔗 want what would what would you tell French Connection the most important thing
🔗 they've got to do is reconnect and find a place for themselves
🔗 and to stand in the market changed and
🔗 that may be a very much smaller part of the fashion pie
🔗 and consumers will direct you but you have to engage
🔗 and listen to them on their social media even in a week they've been very short of
🔗 that we're a competitor brand like cast off would be constantly in contact reaching
🔗 out to that customer take a Hardcastle and.
🔗 Tara Heinz Lee thank you both very much.
🔗 We did make contact with French Connection.
🔗 We invited them on to the program but they declined our invitation.
🔗 They've yet to issue a comment to us. Now all this week.
🔗 If you've been listening we're looking at how some of the star seaside towns are
🔗 doing after the managing director of Butlins called on this program for the
🔗 reinvention of our coastal resorts.
🔗 Well today we head to the North Yorkshire cased it's be known as a seaside resort
🔗 since at least sixteen hundreds.
🔗 Today it's still one of the top five tourist destinations in the country according
🔗 to figures from visiting land
🔗 and one of the big draws is Scarborough is trying to combine old fashioned appeal
🔗 with modern attractions for example tomorrow night simply read.
🔗 Modern is that was the fall in the footsteps of Elton John
🔗 and now Gallagher to play at the town's open air theatre where the area's first
🔗 multiplex cinema is planned
🔗 but our reporter John Douglas headed to a new attraction
🔗 that after years of planning has finally made it off the drawing board.
🔗 Out tomorrow.
🔗 The filthy million pounds for the fun of recording. It's only been open.
🔗 Just days to claim temperature it's just it's new it's just like you see them out
🔗 the window. They were around outside people coming back indoors
🔗 and you might be able to hear the sound of the waves crashing behind me.
🔗 It's not because there's a way to lose just from the lights Derek Boston is showing
🔗 me around and he's a leader in stop
🔗 or slow accounts why did you want a walkie talkie in the first place.
🔗 Well the cost of solar system etc and at times inclement weather
🔗 and this week I was the most expecting also for Linda I'll stop it.
🔗 So let's face it there's nothing like it on D.H.
🔗 Took during the conflict with the status line and that's when the rounds
🔗 but I doubt you'll be seeing the facilities look out.
🔗 In front of us is an infinity pool.
🔗 If you bump down in the water you can look straight out to sea.
🔗 It isn't going to thirty five degrees all the time I'm sat in the
🔗 absolutely beautiful. John it works wonders.
🔗 The Council gave the developers a nine million pounds loan this place has been
🔗 built without it it would have struggled to be quite honest
🔗 and we're quite happy
🔗 that the loan will be repaired because we have the government takes in place.
🔗 It costs sixty pounds for a family of four to spend just four hours here.
🔗 How do you justify spending public money on an attraction
🔗 that won't be affordable to.
🔗 I had to said this person just for the people of the borough.
🔗 It's uncertain northeast England of England Midlands wherever to come
🔗 and enjoy people and accept
🔗 that they have to pay for things whether it's from England Castle our But what
🔗 we're offering is an experience
🔗 and this is only the fifth day this place has actually been in operation this
🔗 teething problems today on the water slide likely working to stand down work
🔗 and impact at the moment it is an electrical fault. We are addressing the problem.
🔗 Hopefully sooner rather than let the floods will be operational
🔗 and if we thought i was swimming tell you
🔗 when I would be going down this is market hole.
🔗 How long has it been on this site you know it's been on the site on the blue line
🔗 here. Spain has a few eight hundred fifty three. It was open right.
🔗 And it replaces the money can hear is Mick Taylor he's the cancels inward
🔗 investment manager. I mean he tries to regenerate the area.
🔗 We just walked inside Market Hall it's a traditional indoor market we've wandered
🔗 around the back of a hoarding where you've got a big picture which shows what this
🔗 place should look like in the future
🔗 and at the moment you've got this huge cavernous ceiling which is just dead space
🔗 and I can see from this picture.
🔗 The plan is to have an edge in the which goes around the outside up above
🔗 and you going to have a host of new little micro businesses up above us we are
🔗 indeed it was such a waste of space.
🔗 So the idea to do that when it was up we thought was a great one.
🔗 It's great to listed building after the illnesses
🔗 and it's in a very poorly performing part of Scarborough.
🔗 The area is white high on the index of deprivation.
🔗 So we saw this is a great opportunity to renovate atop the old buildings
🔗 desperately needed referred to show at the market trade is happy about it very
🔗 happy indeed yes to all of them a well it's a wonder to wonder why it's happening
🔗 but actually all the guys in here now.
🔗 Once they saw this image
🔗 that were standing in front all instantly they all bought into it.
🔗 They all say now that we almost three million pounds
🔗 that we got from the coastal communities phone is here to make them more successful
🔗 So there's a square where the market is as we walk down here we start to get more
🔗 into the sort of the more crispy quick type of operations. But again very popular.
🔗 We've walked past a toy shop that's closed down across the road from here.
🔗 There's an ice cream parlor that shut up shop as well.
🔗 How many
🔗 and shops have you gotten started in the town it's just under eleven percent ten
🔗 point eight percent of a can do.
🔗 It's in the town like the third where the National Right to all the heart so I
🔗 don't think we're doing too badly for seasonal seaside town.
🔗 If you go to our four shore road on the on the front everywhere is fall far I think
🔗 it's two
🔗 and two units down the front which again for a seaside town is a pretty spectacular
🔗 performance. I've come down to the harbor and I spoke to businesses here.
🔗 What they might expect from a traditional emphases like town business move.
🔗 OK just to my left and I'm standing in front of a rock and Noble piece itself.
🔗 Scarborough rock for six hundred pounds.
🔗 It's got some hats outside alone a kind of a Kiss me quick catch lots of beach
🔗 springs out of sight is not the place prophesies dependence on the I know you want
🔗 tell me one place Carolina.
🔗 We've been good to me I was sixteen seventeen years now we've been on the phone
🔗 show to sell everything for the page
🔗 and everything for people to circle the people we sell more often than anything in
🔗 the shop. You know that's our biggest seller
🔗 or like this year it's been a little bit quiet.
🔗 It's not very good season issue kept saying you know it was only after like two
🔗 never attended a day whether it's announced we asked OK people calling in to get
🔗 people coming to shop here for us to invest in a turning a profit just a little.
🔗 Yes we have to buy everything you know to get the Christmas in a letter open to see
🔗 two weeks a year we're even open Christmas Day for a few I was trying to lock
🔗 people want to come out of a walk on the on Christmas Day
🔗 but were never a single day of the other show.
🔗 I want to down to the seafront It's called Great
🔗 South Bay
🔗 and in the warm all the sunshine the beach is heaving there are hundreds of people
🔗 on here today or it's going to close this chapter and.
🔗 Somebody's going on
🔗 and on high got rejected three pounds a time since getting a little ring trace.
🔗 Let's see if some of these people are prepared to tell me what brought you here
🔗 My name's John Simm help me focus on so I just as my wife Christine we were here
🔗 and actually I'm a huge IT WAS been like fifteen years since we last call me
🔗 and it hasn't changed one bit. And it's nice to have the character.
🔗 I think you say it hasn't changed one the most it changed the council's been
🔗 telling me how much money they'd been spending on regeneration. Well probably.
🔗 Further back. Along the sea the history on the arcades in the public years
🔗 and it's pretty well I would hardly noticed it. All in years.
🔗 Years ago because I would see sights
🔗 and useable Why is it taking fifteen years be to come back to Scarborough if you
🔗 like going abroad White House are guaranteed mainly the weather.
🔗 There's no.
🔗 Scarborough with the Filey they're all known as seaside towns is
🔗 that label a blessing or a curse in twenty sixty.
🔗 It's a blessing scabrous point in well above it's where we are still now to the
🔗 most beautiful coastline
🔗 and all three towns are individual in the run where you know the point I'm making
🔗 though don't you that traditionally seaside towns have suffered a bit from
🔗 that label that's seen as a bit old hat a bit down at heel.
🔗 And that's not fair to say I don't think unfortunately some of my previous council.
🔗 Maybe did turn the back on and missed the opportunity
🔗 when the two flights came in to go abroad.
🔗 What we have here is a not so young people with all this person to go to not so the
🔗 maybe didn't identify that there are other options a little attractions
🔗 that should invest in to deliver what people want from they will be took our foot
🔗 off the pedal a bit a few years ago but we're certainly going down to the bogs now.
🔗 Derek Basta Manny's leader of Scarborough barricading So talking to our reporter
🔗 John Douglas and tomorrow.
🔗 Sherry Vall will be important in Northern Ireland for our final visit to British
🔗 seaside resorts.
🔗 Now it's exactly a week ago
🔗 that I was sitting here telling you about the Bank of England announcing a cut in
🔗 the interest rate to a historic low of no point two five percent.
🔗 It's governor Mark Carney
🔗 and I asked a series of measures to stimulate the economy including on a lending
🔗 scheme to force banks to pass cuts on to homeowners.
🔗 Well I have so have they done it
🔗 and what's been the impact on savers David Hollingworth joins us from mortgage
🔗 brokers London country
🔗 and Alongside him is an abode He's founder of the advice website savings champion.
🔗 David first of all whether whether you'll be getting money back.
🔗 Each month on your mortgage does depend on what mortgage you're on doesn't it.
🔗 Can you just run us very quickly through what's likely to happen. Absolutely.
🔗 So if you're on a base rate tracker mortgage that means
🔗 that your rate is directly pegged to the Bank of England base rate so you should
🔗 automatically feel some benefit standard variable rate however that's under the
🔗 control of the lender so you're not actually guaranteed
🔗 that will fall in line with base rates
🔗 but we've seen a steady stream of lenders starting to announce what they intend to
🔗 do with that. Obviously if you're on a fixed rate
🔗 that does what it says on the tin
🔗 and you're right it's not going to move I'm afraid but you know don't kid yourself.
🔗 About are you've probably moved on to a much more competitive rate than those
🔗 standard variable rates so I'm not all bad and just on track of
🔗 that I mean as they all come down.
🔗 How much could you and how much should you be benefiting.
🔗 So for a typical mortgage.
🔗 Assuming you are feeling the benefit
🔗 that would typically amount to around about twenty maybe twenty five pounds per
🔗 month. Not all truckers will fall
🔗 that there can be conditions which are often referred to as collars
🔗 or floors which is the minimum rate essentially puts a minimum floor on that rate.
🔗 So there are some people who may not see their rates fall
🔗 but they should have been made aware of that right.
🔗 I don't standard variable rate so far according to what we've been hearing.
🔗 Seventeen banks and building societies
🔗 and announced there they are dropping their S.
🔗 They are who are yet to hear from
🔗 and are they are some delaying passing on the cut.
🔗 Well I surprising how many have have come through
🔗 and I think it's as you mention the term funding scheme that the.
🔗 The Bank of England announced was very much to get this tone of an expectation
🔗 that lenders would pass this on that's there to provide some cheap funding for
🔗 lenders to help protect their margin so the government is very much expecting to
🔗 Now it's not all passed on the as you say most to giving the quarter percent
🔗 but we're still waiting here even from some like Halifax and first direct
🔗 and standard variable rates of course still so much higher in a competitive market
🔗 are there any measures being put in place for people who who feel
🔗 that their you know really they're being unjustly treated. Well yeah absolutely.
🔗 But a red herring actually to be saying I'm I getting the benefit from Ireland
🔗 stunna very great some much much higher some of them are five percent or more
🔗 and therefore really what borrowers should be doing is reviewing whether they could
🔗 vote with their feet
🔗 and take their mortgage to a more competitive rate they are at rock bottom at the
🔗 For those who are who can't do that
🔗 and of course there is some benefit if they get that cut
🔗 but their options may be more limited unless their existing lender is prepared to
🔗 offer them something.
🔗 Let's move to an air base because we've heard about the winners how bad is it for
🔗 Well unfortunately it's more of the same we've we've been seeing a lot of rate cuts.
🔗 Funnily enough for not funny.
🔗 For four years now since the funding for lending scheme came in which is something
🔗 quite similar to the term funding scheme.
🔗 So that's not good news a base rate cut is never going to be good news for savers
🔗 anyway but but the problem is that cuts have been happening for years.
🔗 So there's been over five thousand cuts existing savings accounts already over the
🔗 last four years.
🔗 Let me just play you something with to get your comment Margo is a saver she's
🔗 worried about the future following the recent cuts in interest rates and single
🔗 and I know
🔗 that this state pension doesn't go very far as the last years I was working.
🔗 As we always advised by the government. I save every penny I could.
🔗 And to build up a little sum of savings I could draw on for things like household
🔗 insurance and kicking a car on the road in the big bills like that
🔗 that say pension wouldn't cover
🔗 but now of course the return on my savings is absolute.
🔗 Nothing with a cut interest rates.
🔗 So money is coming out all the time but there's nothing going back in
🔗 that savings pot just Windles which is a worry for the future.
🔗 You know when one never knows how well one has got of course but it is a worry
🔗 when there's nothing at all going in
🔗 and everything coming out what would you say to Martin or is it all negative news
🔗 or is there anything that she can do what it depends where she's got the funds so.
🔗 So you don't have to put up with these rock bottom rates there are some as low as
🔗 not point nor five percent or supposedly savings accounts.
🔗 It is a real problem for people like like MARGARET He who are effectively no longer
🔗 and they have been doing the right thing they've been saving all their lives may
🔗 put their money away the money in their pocket has fallen
🔗 but you do need to be aware of what interest rate you are earning
🔗 and you then need to look around
🔗 and it may mean moving to some providers you haven't heard of
🔗 but if they're covered by the Financial Services Compensation Scheme there's no
🔗 reason why you shouldn't consider those and those accounts
🔗 that some of those names they are going to be offering you better interest rates
🔗 it's really a case of looking at what you've got and seeing if you can do better
🔗 and move from when he said to be in a box under the bed you've got control
🔗 and no big bank gets use it will give you nothing
🔗 and charging high interest would have a very brief but yeah
🔗 that again you know you can earn something it is it's not true
🔗 that there's nothing available is better than nothing
🔗 and you are protected by the Financial Services Compensation Scheme the bank under
🔗 your bed.
🔗 You are not indeed are about as they would almost think you both very much.
🔗 I'll be back tomorrow twelve fifteen Do join me.
🔗 and yours was presented today by Peter White who was produced by Rebecca Mark stead
🔗 and there's always more information on the radio for web.